Bad debts drive Lloyds to £6.3bn loss

Bad debts drive Lloyds to £6.3bn loss
‘Significant increase’ in bad debts from HBOS as impact of rescue takeover of mortgage-lender continues to hurt taxpayer-supported bank A “significant increase” in bad debts drove Lloyds Banking Group to a £6.3bn loss last year as the impact of the rescue takeover of HBOS continued to hurt the taxpayer-supported bank. The impairment charged ballooned to £24bn from £14.9bn largely as a result of …

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